In the span of two weeks, both sides of the analyst-to-associate pipeline moved. On October 5, Citi said it is cutting its investment banking analyst program from three years to two. On October 15, Business Insider reported that Apollo is delaying recruiting for its...
Wall Street’s biggest banks reported third-quarter results on October 13 and 14. Investment banking fees rose at most of them, led by Goldman Sachs at 21%, while Bank of America’s fell 11%. Compensation grew faster than headcount, and pay per employee rose...
On October 6, JPMorgan named Rob Sweeney global chair of investment banking. Sweeney once ran Goldman Sachs’s global consumer and retail investment banking business and later became president of private equity firm Sycamore Partners. At JPMorgan he will advise...
New York’s securities industry earned $45.9 billion in the first half of 2026, up 51.3% from a year earlier, and is on pace to top $90 billion for the year. State Comptroller Thomas DiNapoli expects Wall Street bonuses to rise from last year’s record. Here...
Citi is shortening its investment banking analyst program from three years to two. The stated goal is retention, and that is likely the main driver. But the change arrives as Citi streamlines its workforce, invests heavily in its investment bank and rolls out AI...
The Short Answer Headline EPS tells you how the bank did. It does not tell you whether your group is hiring. Five lines do: IB fees by product, the compensation line, headcount, pipeline commentary and AI or efficiency remarks. Read every number against the bar the...
